AGP Executive Report
Last update: 9 hours agoElectricity Crisis & Grid Modernisation: President Irfaan Ali admits blackouts can’t be instantly ended, blaming demand growth and legacy infrastructure, while GPL pushes a US$20m smart upgrade at the Guyana National Control Centre to speed fault response and switching. Power Reliability Pressure: Former minister David Patterson warns GPL is running with only ~5% spinning reserve versus the 15–20% needed, leaving the system exposed to cascading outages. Economic Growth, Cost-of-Living Reality: Guyana’s economy grew 33.3% in H1 2026 (non-oil 10.1%), but the mid-year report shows food prices up 6.7% and consumer prices up 4.4%, with agriculture and mining facing setbacks. Labour Market Gains: Unemployment fell to 6.2% and 156,000 new jobs were created as the labour force expanded. Housing & Infrastructure Spend: CH&PA met contractors on a Saudi-funded Region 3 housing works package (~$9.1b) targeting 3,800 lots, while government awarded $2.4b for market upgrades in Regions 3 and 4. Oil Deal & Energy Security Debate: Ali says Guyana won’t be “squeezed” by Exxon but calls the PSA “bad,” and discusses building beyond oil. Finance & Trade Signals: Citibank plans to open a representative office in Georgetown, and credit card settlements hit US$356m so far in 2026. Legal/Maritime Accountability: Court sets Oct 19 for a ruling on “abuse of process” in the MV Barima disaster murder case. Tourism Jobs Perception: GTA and THAG urge youth to see tourism as a real career path, not “menial” work.
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